Trump2026-08-07 00:22:36Trump: Hormuz Strait Reopening Deal Not Finalized, US Engaged in TalksUS President Trump said on Aug 7 that an agreement to reopen the Strait of Hormuz has not been formally reached, though the strait is "somewhat open." American forces are enforcing a blockade against Iran and controlling the surrounding waters, while mines still pose risks to commercial shipping. Trump said he is involved in negotiations and the situation is moving in a positive direction.1890
Iran2026-08-06 16:44:09Iran-Oman Strait of Hormuz Deal Stalls on Sanctions, Insurance ClauseReporting on Aug. 7, BlockBeats cited Reuters in saying that four industry sources described a proposed Iran-Oman agreement as difficult to carry out. The pact would give Tehran control over vessels entering the Gulf via the Strait of Hormuz, but US sanctions combined with restrictive insurance language on any payments stand in the way. Any toll or fee would trigger serious compliance problems, the sources said, because the United States has sanctioned the Persian Gulf Strait Authority, the Iranian entity that runs the waterway. The US Treasury has additionally banned US personnel from accepting services from the Iranian government tied to 'safe passage.' Any payment, industry sources warned, could lead to asset freezes. Complicating matters further, the Lloyd's Market Association introduced a clause in late July for war risk underwriters: if a ship pays a transit fee, toll or other charge to pass through the strait, its cover is terminated. An insurance industry source said shipping companies face a true dilemma, since Lloyd's clause prevents insurers from covering owners who make such payments, while Iran wants the tolls collected. Both elements -- the sanctions regime and the insurance clause -- make implementation all but impossible, they said.1830
Strait of Hor2026-08-06 15:59:41Iran to Cancel Northern and Southern Hormuz Strait Lanes in Favor of Central CorridorIran's Fars News Agency, citing informed sources, reported that the northern and southern shipping lanes of the Strait of Hormuz will be cancelled, with all transit shifted to a central corridor. Iran would manage the entrance, while Iran and Oman would jointly manage the exit, according to the report relayed by ChainCatcher. No timeline or further operational details were included in the report. The report is based on unnamed sources and does not cite official statements from Iranian or Omani authorities. The change, if carried out, would reroute all traffic through the corridor and alter the current navigation setup in the strait. ChainCatcher distributed the alert on its 7x24 news feed, reproducing the same details: cancellation of the two existing lanes, a single central corridor, Iranian control at the entrance, and joint Iranian-Omani control at the exit. The original report was published by Fars, an Iranian news outlet.1830
Iran2026-08-06 15:58:12Iran Reviews Draft to Tighten Transit Rules in the Strait of HormuzOn Aug. 6, BlockBeats reported, citing Iranian media Fars News, that Iran’s parliament is reviewing a draft bill aimed at tightening transit rules in the Strait of Hormuz and the Persian Gulf. The proposal would bar vessels linked to the U.S., Israel and other hostile countries, and restrict shipments tied to Israel. It also seeks to limit ship traffic related to actions against the “Axis of Resistance,” deny passage to entities that owe compensation to Iran, and impose fines of up to 20% of cargo value for violations. The proposal has not been approved.1740
Iran2026-08-06 08:44:16Iran and Oman Reach Preliminary Deal on Reopening Strait of Hormuz: SourcesAccording to Saudi outlet Alhadath, senior sources said Iran and Oman have reached a preliminary consensus on reopening the Strait of Hormuz. The agreement may be announced within days but still needs approval from Iran's National Security Council. It would last 60 days and aim to restore navigation. BlockBeats reported on Aug. 6.1770
Hormuz2026-08-06 06:28:46Hormuz and Mandeb Shipping Traffic Collapses to Just 3 Vessels on WednesdayCommercial shipping traffic through the Strait of Hormuz and the Bab el-Mandeb Strait fell sharply on Wednesday, according to data from maritime tracking firm Kpler cited by Jinshi. The Strait of Hormuz saw only two vessels transit during the day, a steep drop from eight ships the previous day. Before the Iran war began in February, roughly 130 to 140 ships used the waterway each day, the data showed. Meanwhile, traffic through the Bab el-Mandeb Strait fell to just one cargo vessel, well below the 20 ships recorded a day earlier.2010
Houthi2026-08-05 21:20:42Houthis Claim Fresh Attack on Saudi Oil Tankers as Trump Says US-Iran Deal Within 48 HoursAccording to a ChainCatcher report citing Jin10, Houthi forces have again claimed attacks on Saudi oil tankers, bringing to 29 the total number of Saudi tankers forced to retreat in the Red Sea and Arabian Sea. Trump said a US-Iran deal will be decided within 48 hours, with a 50% chance. Iran's foreign ministry also said it is close to reaching a Strait of Hormuz agreement with Oman, though the new shipping route is expected to be usable for only 2 to 4 months.2130
Iran2026-08-05 16:39:02Iran-Oman deal on Strait of Hormuz arrangements nears completionAn agreement between Iran and Oman on arrangements related to the Strait of Hormuz is close to completion, according to Iran’s deputy foreign minister, who said the two sides have made major progress. A person familiar with the matter added that even if the Iran-Oman agreement is finalized, reopening the Strait of Hormuz would still require a separate arrangement. That process would also include the United States fulfilling related commitments. The update was carried by Odaily, citing Jin10. The report did not disclose further details about the terms of the prospective agreement or a timeline for finalization.1740
